Canada invests in national bioeconomy strategy

By Erin Voegele | May 15, 2019

The Canadian government has announced it invested $200,000 in Bioindustrial Innovation Canada, a not-for-profit business accelerator based in Sarnia, Ontario, to support the development of a national bioeconomy strategy.

According to Agriculture and Agri-Food Canada, the funding is being awarded under the Canadian Agricultural Adaptation Program. The national bioeconomy strategy aims to help meet the goal of reducing carbon dioxide emissions, reducing greenhouse gases (GHGs) and attracting additional markets to the biomass and bioproducts sector. This includes the production of biochemicals, biofuel, bioenergy and biomaterials.

The government said the project will allow Canadian famers the opportunity to diversify their commodities into new markets and develop new uses for crops. The strategy will also provide the opportunity to work with other sectors, including forestry, to help meet Canada’s agriculture growth plans for a greener economy.

"Investment in our bioeconomy demonstrates the government's commitment to building a strong, renewables-based economy,” said  Marie-Claude Bibeau, Minister of Agriculture and Agri-Food “Having a strategy in place will provide new opportunities for farmers, strengthen and diversify the agricultural sector and accelerate the transition to a sustainable, low-carbon economy."

"The industry-supported Bioeconomy Strategy will establish clear roles for government to provide the regulatory operating environment and infrastructure necessary to the adoption of biobased processes and products,” said A.J. (Sandy) Marshall, executive director of BIC. “The agricultural and forestry industries and the communities and the ecosystems that support them will ensure greater commercialization of the processes and products. The focus on renewable resources and on innovation in the bioeconomy are central to the achievement of the circular economy."